The fuel for Citybus’s lone hydrogen-powered vehicle is made at a facility in Tseung Kwan O Industrial Estate by Linde HKO, a unit of the German company that is one of the world’s top industrial gas makers. After using electricity to split water into hydrogen and oxygen, the company transports the hydrogen to the refuelling facility using a tube trailer with the capacity to refuel the bus 10...
The World Bank has reinforced its support for India’s Green Hydrogen Mission by approving an additional $1.5 billion loan, bringing the total assistance to $3 billion.This initiative aims to strengthen India’s domestic green hydrogen market and drive reforms to attract private investment, aligning with the objectives of the National Green Hydrogen Mission. Auguste Tano Kouame, the World Bank's...
Plug Power says it intends to recognise US federal tax credits for green hydrogen it is producing at a facility in Georgia in its financial results despite rules for the incentives remaining undetermined.Under the Inflation Reduction Act’s (IRA) 45V clean hydrogen production tax credit (PTC), hydrogen producers can gain up to $3/kg of hydrogen.Despite rules for producers being proposed by the Treasury...
It may be just a small little detail, but it may manage what the German government hasn't been able to do in the past decade: Invest large-scale in infrastructure. Since 2011, the country's so-called debt brake has put strict limits on how much fresh borrowing the government can raise annually. It was enshrined in the German constitution in the wake of the 2008 global financial crisis. However, the...
The World Bank’s Board of Executive Directors have approved $1.5 billion in financing for a second operation to help India accelerate the development of low-carbon energy. The operation will seek to promote the development of a vibrant market for green hydrogen, continue to scale up renewable energy, and stimulate finance for low-carbon energy investments. India is the fastest-growing large economy...
Canadian energy projects and ports could play an important role in the global hydrogen economy Germany is very keen on Canadian hydrogen and hydrogen technology such as fuel cells. It is so interested, in fact, that Messe Stuttgart—a German conference and trade fair organizer—held its second Canadian hydrogen and fuel cell conference in Vancouver last week to explore opportunities and...
WASHINGTON, June 28, 2024 — The World Bank’s Board of Executive Directors today approved $1.5 billion in financing for a second operation to help India accelerate the development of low-carbon energy. The operation will seek to promote the development of a vibrant market for green hydrogen, continue to scale up renewable energy, and stimulate finance for low-carbon energy investments.India...
Cosworth, a powerhouse in British automotive engineering, has revealed its most powerful hypercar engine to date. This announcement coincides with the debut of the Bugatti Tourbillon on June 20. The new hypercar continues a prestigious line of high-performance vehicles that showcase Cosworth’s exceptional engineering, including the Aston Martin Valkyrie, Gordon Murray Automotive T.50, and the...
Clarity on clean hydrogenOur mission is to deliver engaging and independent business journalism and insight to executives and leaders in the global clean hydrogen industry. We focus on delivering the news and analysis that matters, fearlessly looking beyond the hydrogen hype to provide a balanced view of the market, giving readers the knowledge they need to make critical business decisions. Source link...
Researchers from China University of Petroleum have reported on hydrogen-microorganism interactions in underground storage, while Sungrow Hydrogen has won a $4.1 billion bid for an integrated hydrogen, ammonia, and methanol project. June 28, 2024 Sergio MatalucciChina University of Petroleum researchers have analyzed underground hydrogen storage in aquifers, depleted reservoirs, and salt caverns,...